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Brunswick Technologies/Saint-Gobain Offer Progress

  • Tuesday, 9th May 2000
  • Reading time: less than a minute

Brunswick Technologies announced its Board of Directors voted to recommend that BTI shareholders reject as inadequate the unsolicited $8.00 per share offer made by Vetrotex CertainTeed Corporation. In return, CertainTeed confirmed their commitment to the tender offer and sent an open letter to BTI Board of Directors to say that they believed that their offer was in the best interest of all BTI’s constituencies. This generated an open letter from Brunswick to certainteed to say that BTI will continue to aggressively explore strategic alternatives to enhance value for all BTI shareholders, with or without the willing participation of Certainteed. There’s too much here for this newsletter, but please e-mail for the full details

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